Deutsche Bank Maintains Buy Rating on Salesforce, PT Down to $340

Deutsche Bank Maintains Buy Rating on Salesforce, PT Down to $340

Frankfurt - Deutsche Bank Aktiengesellschaft has completed the issuance of €1.25 billion in senior non-preferred (SNP) bonds, with no stabilization measures taken, according to a post-stabilization notice [1].

The bonds, issued on August 6, 2025, have a three-year maturity with a two-year call option, commonly referred to as a "3NC2" structure. They were issued at a price of 99.948% with a spread of 76.6 basis points over the German government bond (DBR 0.50 2027). The bonds carry the international securities identification number (ISIN) DE000A4DFSK4.

Deutsche Bank itself acted as the stabilization manager for the transaction, but no stabilization activities were required. Stabilization refers to market interventions that temporarily support the price of newly issued securities to prevent excessive volatility during the initial trading period.

The announcement follows a pre-stabilization notice issued on August 6, 2025. The bank noted that the securities are not registered under the United States Securities Act of 1933 and cannot be offered or sold in the United States without registration or an exemption. This information was provided in a regulatory announcement to the London Stock Exchange.

Separately, Catalyze, a leading developer and Independent Power Producer (IPP) of distributed renewable energy assets, has secured a $200 million three-year HoldCo revolving and term debt and letter of credit facility from Deutsche Bank [2]. The new facility bolsters Catalyze's capital capacity and fuels strategic expansion, enabling the company to scale its platform and accelerate project deployments across its national footprint.

The facility supports acquisitions, financing pre-Notice to Proceed (NTP) development, and accelerating project deployments. This latest financing facility follows recent closings of Catalyze’s $400 million financing with ATLAS SP Partners and an $85 million tax equity investment from RBC, bringing the total capital raised this year to nearly $700 million.

References:
[1] https://www.investing.com/news/company-news/deutsche-bank-completes-125bn-bond-issuance-with-no-stabilization-93CH-4224571
[2] https://markets.financialcontent.com/stocks/article/bizwire-2025-9-4-catalyze-secures-200-million-holdco-facility-from-deutsche-bank-to-accelerate-clean-energy-growth-nationwide